Seatwave – Wikipedia

Until 27 November 2018 Seatwave was an on-line ticket marketplace for buying and selling tickets to music, sporting and cultural events. ticket sellers were able to list their tickets on Seatwave and specified what monetary value they would be willing to sell them for. Buyers could browse the locate, comparison slate prices and could then purchase the ticket they feel was the best distribute. Seatwave ‘s TicketIntegrity guarantee ensured buyers got the tickets they ordered by the day of the event. If they did not, Seatwave would find substitution tickets, or refund the buyer. [ citation needed ] On 13 August 2018, Seatwave Parent Company Ticketmaster Ltd announced its intention to close Seatwave in October 2018, and move secondary ticket services to its main web site, in a invite to combat exploitation of the service by ticket touts. [ 2 ] [ 3 ] On 27 November 2018, Seatwave was closed, no longer accepting fresh ticket listings or purchases .

founder and investors [edit ]

Seatwave was founded by Joe Cohen, once of Match.com and Ticketmaster, in May 2006 and began on-line trade in February 2007. Seatwave secured $ 25 million in February 2008 in a Series C funding beat led by Fidelity Ventures and including existing investors Atlas Venture, Mangrove Capital Partners and AdInvest. On 1 June 2009, Seatwave announced it had raised $ 17 million in fourth orotund Series D of support, taking the company ‘s fund total to $ 53 million / €38 million. [ 4 ] [ 5 ]

Seatwave was featured on Media Momentum ‘s “ Ones to Watch ” list in 2008 and in 2009, won their “ Fastest Growing Company Award & Best Management ” Award. Seatwave was awarded Online Business of the Year award in the Fast Growth Business Media Awards 2009 and was awarded first place in the inaugural address Tech Media Invest 100 in 2009, in association with The Guardian, PricewaterhouseCoopers, Kemp Little and Europe Unlimited. [ 6 ] In January 2013, Joe Cohen stepped down as CEO of Seatwave to become the company ‘s Non-Executive Chairman. Ajay Chowdhury was appointed CEO of Seatwave in September 2013 .

Board appointments [edit ]

Marty Pompadour joined the company as a non-executive director in 2008 but resigned on 23 June 2010. Seatwave ‘s annual report, 31 December 2009, P4

Board members besides include Fred Destin, a blogger who frequently writes about Seatwave. [ 7 ] Destin was a collaborator at Atlas Venture ’ s London position when the firm made its initial investment in Seatwave back in 2006. [ citation needed ] In 2010, Atlas Ventures closed its London agency and Destin relocated to Boston. [ 8 ] To prevent football vandalism, the resale of football tickets in the UK was made illegal within the Criminal Justice and Public Order Act 1994. [ 9 ] Resale of football tickets is entirely legal when expressly permitted by the person club. [ 9 ] As of 2011, Seatwave is the approved secondary ticket spouse of Fulham FC. [ 10 ]

Seatwave has partnered with Grand Union Management who manage artists including The Enemy and Reverend and the Makers. [ 11 ]

testimony at 2007 Parliamentary inquiry [edit ]

In 2007, the UK ‘s Department for Culture, Media and Sport appointed a Select Committee to investigate tag boast and outline recommendations on legislative measures. On 10 January 2008, the Select Committee published a report which summarised their findings. [ 12 ] They identified 12 key benefits and 14 winder detriments for consumers. [ 13 ] Seatwave testified at the inquiry where Joe Cohen presented his view on boast. In April 2008, the politics responded to the Select Committee ‘s reports supporting the findings that legislation should be a survive recourse, identifying a need for the primary ticketing market to be improved and urging all players in the diligence to work in concert to develop a voluntary code of principles. [ 14 ] Seatwave has declined to join any trade association connected with secondary ticketing in Europe, citing cardinal differences. [ citation needed ]

References [edit ]

far reading [edit ]

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